The increase was the result of rising global crude oil prices, which reached an average of US$80 per barrel, according to a statement issued by Pertamina on Wednesday.

The company added that the move was based on a ministerial regulation on the calculation of retail fuel prices.

Under the new policy, the new price for Pertamax in Jakarta is Rp 10,400 per liter, Pertamax Turbo Rp 12,250 per liter, Dex is now at 11,850 per liter, Dexlite 10,500 per liter and Non-PSO Biosolar is now Rp 9,800 per liter.